JMP Securities Reiterates Market Outperform Rating for Vacasa (NASDAQ:VCSA)

Vacasa (NASDAQ:VCSA – Get Rating)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $3.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 205.06% from the company’s previous close.

A number of other research firms also recently issued reports on VCSA. Needham & Company LLC cut their price objective on shares of Vacasa from $5.00 to $1.50 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer cut Vacasa from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Northland Securities decreased their price target on Vacasa to $5.00 in a research report on Tuesday, November 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Vacasa presently has a consensus rating of “Hold” and an average target price of $3.57.

Vacasa Trading Down 24.9 %

NASDAQ VCSA opened at $0.98 on Tuesday. The company has a fifty day simple moving average of $1.53 and a 200 day simple moving average of $2.24. Vacasa has a 12-month low of $0.88 and a 12-month high of $9.38. The company has a market cap of $430.80 million, a P/E ratio of -7.56 and a beta of 0.87.

Institutional Trading of Vacasa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VCSA. National Bank of Canada FI boosted its position in shares of Vacasa by 323.3% during the third quarter. National Bank of Canada FI now owns 117,351 shares of the company’s stock valued at $359,000 after buying an additional 89,631 shares during the last quarter. Sinecera Capital LLC purchased a new position in shares of Vacasa during the 3rd quarter valued at about $1,624,000. TB Alternative Assets Ltd. purchased a new position in shares of Vacasa during the 3rd quarter valued at about $413,000. Industry Ventures L.L.C. purchased a new position in shares of Vacasa during the 3rd quarter valued at about $1,603,000. Finally, PBMares Wealth Management LLC bought a new stake in Vacasa during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 41.97% of the company’s stock.

Vacasa Company Profile

(Get Rating)

Vacasa, Inc operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and the Vacasa Guest App. It also provides services to buy and sell vacation homes through its network of real estate agents.